Gappify’s Accrual Cloud autonomously requests estimates of unbilled expenses from your vendors & PO and budget owners, stores responses in the platform & automates the creation of journal entries into your ERP to better manage your accrual process.
Responses and other relevant accrual data, including prior period actual accruals and default expense/liability accounts, are centrally organized & displayed within the platform to allow for robust analysis & review. At the conclusion of the workflow, SOX-compliant journal entries are generated within the platform for your selection and autonomous entry into your ERP system.
Benefits:
Business Value:
Autonomously email vendors to confirm unbilled expenses. Store responses in the Gappify Accrcual Cloud for analysis. Generate Sox-compliant journal entries for your selection and auto-entry into your ERP system to speed your accruals process with a high level of auditability.
Automate outreach to your internal business partners to match expenses against open PO balances in real-time. Allow Gappify to do labor-intensive tasks such as sending emails, collecting responses, aggregating expense data, and recording JEs.
Interact with new vendors autonomously to onboard them into your ERP system, automate vendor updates, and answer vendor payment inquiries to streamline the vendor management process while strengthening compliance.
In this demo, we will show you how Gappify can automate key areas of your accounting processes including:
Manage your entire accrual process in a single cloud-based platform. Centralize your view of historical & current-month expense and accrual details that are compiled in the platform’s review center.
Say goodbye to manual emails, tax forms, and data entry! Leverage Gappify to automate vendor setup & updates in a SOX-friendly way.
Improve speed, accuracy, compliance, and productivity of your accounting team. Gappify integrates into your ERP to automate tedious accounting processes, boosting efficiency and lowering costs.
Gappify, founded in 2016, is a cloud-based provider of accrual automation solutions for mid-market and enterprise accounting teams. The company is headquartered in New York City, with offices in Berkeley, California, Washington DC, and Manila, Philippines.
Its team consists of accountants and CPA’s from Big Four accounting firms and software innovators. Gappify is also supported by strategic advisors from some of the world’s most recognized technology companies and is affiliated with the top companies & accounting organizations.